Jokowi-Kalla’s signature 35,000 MW program, Palapa Ring fiber optic project, and expansion of fiber-to-the-home (FTTH) by various business groups might have contributed to strong performance of cable manufacturers last year. PT KMI Wire and Cable Tbk, controlled by Gajah Tunggal Group, for example, posted 190% jump in net profit. Voksel Electric (VOKS), meanwhile, booked net profit of Rp160 billion against less than Rp1 billion in 2015.To subscribe please click here
